PTL vs. VLUE ETF Comparison

Comparison of Northern Lights Fund Trust IV Inspire 500 ETF (PTL) to iShares MSCI USA Value Factor (VLUE)

PTL

Northern Lights Fund Trust IV Inspire 500 ETF

PTL Description

PTL is passively managed to invest in US large-cap stocks that align with the issuer's definition of biblical values and positive impact on the world, measured using various environmental, social, and governance criteria. The index provider analyzes publicly available and third-party data to assign a proprietary Impact Score to each eligible stock. The methodology excludes stocks with any degree of involvement in activities such as abortion, gambling, alcohol, tobacco, cannabis, stem cell research, in vitro fertilization, pornography, rights violations, and LGBT activism. The remaining stocks are scored based on how well they align with the issuer's values, considering factors including business ethics, employee wellbeing, customer welfare, product safety, ecological impact, and GHG emissions. The index selects the 500 highest-scoring stocks and weights them by market capitalization. Index components are reconstituted and rebalanced annually.

Grade (RS Rating)

Last Trade

$221.08

Average Daily Volume

6,392

Number of Holdings ^*

478

* may have additional holdings in another (foreign) market

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$112.66

Average Daily Volume

336,744

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

Performance

Period	PTL	VLUE
30 Days	1.10%	1.54%
60 Days	6.54%	6.81%
90 Days	8.22%	9.31%
12 Months		25.18%

63 Overlapping Holdings

Symbol	Grade	Weight in PTL	Weight in VLUE	Overlap
ACI	C	0.08%	0.12%	0.08%
ADM	F	0.18%	0.62%	0.18%
AIG	B	0.35%	0.49%	0.35%
APA	F	0.07%	0.15%	0.07%
ATO	A	0.15%	0.22%	0.15%
BG	D	0.09%	0.19%	0.09%
BIO	C	0.08%	0.06%	0.06%
BLDR	D	0.15%	0.36%	0.15%
CAG	F	0.1%	0.25%	0.1%
CF	B	0.11%	0.15%	0.11%
CPT	C	0.09%	0.13%	0.09%
CTRA	B	0.12%	0.33%	0.12%
DAL	A	0.25%	0.23%	0.23%
DHI	F	0.42%	1.44%	0.42%
DINO	D	0.06%	0.16%	0.06%
DVA	C	0.09%	0.08%	0.08%
ELV	F	0.72%	1.01%	0.72%
ES	D	0.16%	0.22%	0.16%
EVRG	A	0.1%	0.26%	0.1%
FANG	D	0.39%	0.6%	0.39%
FBIN	F	0.07%	0.12%	0.07%
FCNCA	B	0.21%	0.11%	0.11%
FDX	B	0.54%	1.13%	0.54%
FFIV	A	0.1%	0.37%	0.1%
FSLR	F	0.16%	0.38%	0.16%
GEN	A	0.12%	0.41%	0.12%
HST	C	0.09%	0.24%	0.09%
IP	C	0.15%	0.18%	0.15%
JBL	C	0.1%	0.32%	0.1%
JNPR	D	0.09%	0.35%	0.09%
KNX	B	0.06%	0.2%	0.06%
L	A	0.12%	0.12%	0.12%
LEN	D	0.35%	1.5%	0.35%
LH	A	0.14%	0.25%	0.14%
LYB	F	0.2%	0.22%	0.2%
MAA	C	0.13%	0.19%	0.13%
MRO	B	0.12%	0.43%	0.12%
NTAP	D	0.17%	0.54%	0.17%
NUE	C	0.24%	0.48%	0.24%
OC	A	0.12%	0.35%	0.12%
ON	F	0.22%	0.72%	0.22%
OVV	C	0.08%	0.32%	0.08%
PCAR	B	0.41%	0.76%	0.41%
PCG	A	0.31%	0.6%	0.31%
PHM	D	0.2%	0.95%	0.2%
QRVO	F	0.05%	0.19%	0.05%
RF	B	0.16%	0.2%	0.16%
RPRX	F	0.12%	0.19%	0.12%
SNA	A	0.12%	0.23%	0.12%
SOLV	D	0.1%	0.15%	0.1%
SPG	B	0.4%	1.23%	0.4%
SSNC	C	0.13%	0.25%	0.13%
STLD	B	0.14%	0.29%	0.14%
SWKS	F	0.1%	0.48%	0.1%
TSN	C	0.16%	0.4%	0.16%
UHAL	C	0.1%	0.12%	0.1%
UHS	D	0.11%	0.18%	0.11%
URI	B	0.37%	0.8%	0.37%
UTHR	B	0.12%	0.25%	0.12%
VLO	D	0.31%	0.75%	0.31%
VST	B	0.23%	0.44%	0.23%
WLK	F	0.12%	0.05%	0.05%
WY	F	0.17%	0.56%	0.17%

PTL Overweight 415 Positions Relative to VLUE

Symbol	Grade	Weight
AVGO	C	5.69%
XOM	B	3.78%
HD	B	2.75%
LIN	D	1.54%
QCOM	F	1.36%
ISRG	A	1.31%
CAT	C	1.25%
NEE	D	1.13%
LOW	B	1.06%
PGR	A	1.05%
ANET	C	0.9%
ADP	A	0.86%
PANW	A	0.85%
PLTR	B	0.82%
UPS	C	0.8%
PLD	D	0.78%
REGN	F	0.72%
SHW	A	0.68%
KLAC	F	0.65%
ICE	D	0.64%
APH	B	0.61%
WM	A	0.61%
CTAS	A	0.6%
GEV	B	0.59%
SNPS	B	0.59%
PH	A	0.59%
WELL	B	0.58%
SCCO	F	0.58%
MRVL	B	0.56%
EOG	A	0.51%
EMR	A	0.47%
ORLY	A	0.47%
CSX	B	0.47%
IBKR	A	0.45%
RSG	A	0.45%
FCX	F	0.44%
OKE	A	0.43%
TTD	B	0.43%
FTNT	B	0.42%
ROP	A	0.42%
CEG	D	0.42%
SLB	C	0.42%
PSA	C	0.42%
DLR	C	0.42%
AFL	C	0.41%
NSC	B	0.41%
APP	B	0.4%
KMI	B	0.39%
MNST	B	0.38%
NEM	F	0.38%
PAYX	B	0.36%
CPRT	A	0.36%
AZO	C	0.36%
CPNG	B	0.35%
FICO	B	0.35%
OXY	D	0.34%
COIN	B	0.34%
ODFL	B	0.33%
CVNA	B	0.33%
CCI	F	0.33%
COR	A	0.33%
LNG	B	0.32%
KVUE	B	0.32%
PWR	B	0.32%
MSCI	B	0.32%
FAST	A	0.32%
DDOG	B	0.31%
EW	D	0.3%
AME	A	0.3%
MSTR	B	0.29%
MCHP	F	0.29%
IQV	F	0.29%
TRGP	B	0.29%
SNOW	C	0.28%
BKR	B	0.28%
IR	A	0.28%
GEHC	F	0.28%
PEG	C	0.28%
VRT	B	0.28%
VRSK	A	0.28%
EXC	C	0.27%
SYY	B	0.26%
VEEV	B	0.26%
RMD	C	0.26%
VMC	B	0.26%
EXR	D	0.26%
MLM	B	0.26%
MPWR	F	0.26%
OTIS	C	0.26%
EFX	D	0.25%
IDXX	D	0.25%
YUM	B	0.25%
CSGP	D	0.24%
RKT	F	0.24%
ED	D	0.24%
ETR	B	0.22%
NET	B	0.22%
BRO	A	0.22%
ZS	B	0.21%
OWL	B	0.21%
TPL	B	0.21%
TTWO	A	0.21%
WEC	B	0.21%
DXCM	C	0.21%
AWK	D	0.2%
TW	C	0.2%
NVR	D	0.2%
EQR	C	0.2%
ANSS	B	0.2%
TSCO	C	0.2%
MTD	F	0.2%
CDW	F	0.19%
TYL	B	0.19%
DVN	F	0.19%
VTR	C	0.19%
HAL	C	0.19%
DOV	A	0.19%
KEYS	C	0.19%
IOT	B	0.19%
DTE	D	0.18%
DECK	B	0.18%
IFF	F	0.18%
VLTO	C	0.18%
HUBB	B	0.17%
ROL	B	0.17%
GFS	C	0.17%
FE	D	0.17%
SBAC	D	0.17%
WST	B	0.17%
EME	B	0.16%
CINF	A	0.16%
WDC	D	0.16%
STE	F	0.16%
AEE	A	0.16%
WRB	B	0.16%
CBOE	D	0.16%
LII	B	0.16%
CPAY	A	0.16%
CMS	C	0.15%
INVH	D	0.15%
MKL	A	0.15%
PKG	B	0.15%
ARE	F	0.15%
ERIE	F	0.15%
MKC	D	0.15%
MDB	C	0.15%
BAX	F	0.14%
JBHT	B	0.14%
CSL	B	0.14%
ESS	C	0.14%
WSO	A	0.14%
MOH	F	0.14%
TKO	D	0.14%
XPO	B	0.13%
MAS	D	0.13%
SUI	D	0.13%
DG	F	0.13%
CNP	B	0.13%
HOLX	D	0.13%
ALGN	F	0.12%
GPC	D	0.12%
NWSA	B	0.12%
EXPD	D	0.12%
TOST	A	0.12%
WSM	F	0.12%
BSY	F	0.12%
IEX	B	0.12%
AFRM	B	0.12%
SMMT	D	0.12%
J	B	0.12%
NTNX	B	0.12%
NRG	B	0.12%
CRBG	C	0.12%
PODD	B	0.12%
RPM	A	0.12%
RYAN	A	0.12%
SMCI	F	0.12%
TER	F	0.12%
GWRE	A	0.11%
INCY	B	0.11%
DLTR	F	0.11%
UI	B	0.11%
DOC	C	0.11%
NI	A	0.11%
TOL	C	0.11%
RVTY	C	0.11%
USFD	A	0.11%
RS	B	0.11%
ENTG	D	0.11%
MANH	C	0.11%
THC	B	0.11%
DT	C	0.11%
CLH	B	0.1%
CW	B	0.1%
LAMR	D	0.1%
JKHY	C	0.1%
AMH	C	0.1%
JEF	A	0.1%
ELS	C	0.1%
EWBC	B	0.1%
REG	A	0.1%
PCVX	D	0.1%
DOCU	B	0.1%
AGR	C	0.1%
CHWY	B	0.1%
GGG	B	0.1%
COHR	B	0.1%
FLEX	B	0.1%
FIX	B	0.1%
POOL	D	0.1%
SAIA	B	0.1%
RGA	A	0.1%
CASY	B	0.1%
NDSN	B	0.1%
CPB	F	0.1%
UDR	C	0.1%
TRMB	B	0.1%
HLI	B	0.09%
TXRH	A	0.09%
CACI	C	0.09%
INSM	D	0.09%
SCI	B	0.09%
WPC	F	0.09%
PFGC	B	0.09%
SN	C	0.09%
OKTA	C	0.09%
NBIX	C	0.09%
SFM	B	0.09%
PAYC	B	0.09%
ENPH	F	0.09%
BXP	D	0.09%
EDR	C	0.09%
TTEK	C	0.09%
SF	B	0.08%
OHI	C	0.08%
EVR	B	0.08%
UWMC	F	0.08%
MTZ	B	0.08%
MKTX	C	0.08%
AFG	A	0.08%
LBRDA	C	0.08%
PCTY	A	0.08%
WTRG	C	0.08%
EPAM	B	0.08%
ALB	B	0.08%
ATR	A	0.08%
CUBE	D	0.08%
CCK	D	0.08%
LECO	C	0.08%
FND	F	0.08%
ITT	A	0.08%
MEDP	C	0.08%
BJ	B	0.08%
CHRW	A	0.08%
LW	C	0.08%
PR	C	0.08%
RRX	C	0.08%
BLD	F	0.08%
KMX	C	0.08%
PPC	B	0.08%
WMS	F	0.08%
WING	D	0.07%
ORI	A	0.07%
BRKR	F	0.07%
CFLT	B	0.07%
ENSG	C	0.07%
PRI	A	0.07%
FLR	C	0.07%
CNM	D	0.07%
HLNE	B	0.07%
MLI	B	0.07%
CR	B	0.07%
WAL	B	0.07%
GTLB	B	0.07%
PEN	B	0.07%
BWXT	A	0.07%
WCC	B	0.07%
FRT	C	0.07%
GL	B	0.07%
AYI	B	0.07%
RVMD	B	0.07%
FHN	A	0.07%
PCOR	B	0.07%
RGLD	C	0.07%
ITCI	C	0.07%
EHC	A	0.07%
KNSL	C	0.07%
PNW	B	0.07%
COKE	C	0.07%
SEIC	A	0.07%
REXR	F	0.07%
GMED	B	0.07%
GNRC	B	0.07%
EXP	B	0.07%
MUSA	B	0.07%
AA	C	0.07%
PAG	B	0.07%
DOX	C	0.07%
AOS	F	0.07%
EXEL	B	0.07%
APG	B	0.07%
NNN	F	0.06%
UFPI	B	0.06%
GAP	B	0.06%
WTFC	B	0.06%
CRS	B	0.06%
CHE	D	0.06%
SSB	B	0.06%
U	F	0.06%
CELH	F	0.06%
APPF	B	0.06%
ZION	B	0.06%
AR	B	0.06%
MTSI	B	0.06%
FOUR	B	0.06%
LNTH	F	0.06%
INFA	D	0.06%
VNO	C	0.06%
KNTK	B	0.06%
OGE	B	0.06%
RGEN	C	0.06%
TREX	C	0.06%
HESM	D	0.06%
CHRD	F	0.06%
PNFP	B	0.06%
CFR	B	0.06%
RBC	B	0.06%
TTC	F	0.06%
GME	C	0.06%
ONTO	F	0.06%
BRBR	A	0.06%
AAON	B	0.06%
TPX	B	0.06%
AXTA	A	0.06%
ESTC	C	0.06%
SUM	C	0.06%
EGP	C	0.06%
BRX	A	0.06%
S	B	0.06%
GPK	D	0.06%
FYBR	D	0.06%
OLED	F	0.06%
KBR	B	0.06%
MHK	D	0.06%
ALTR	C	0.06%
DTM	B	0.06%
LAD	B	0.06%
CIEN	B	0.06%
AIT	A	0.06%
WBS	A	0.06%
ROIV	C	0.06%
ALSN	A	0.06%
DCI	A	0.06%
AN	C	0.05%
POST	D	0.05%
ATI	D	0.05%
SPSC	D	0.05%
AGCO	F	0.05%
IBP	F	0.05%
WFRD	D	0.05%
WTS	B	0.05%
DLB	C	0.05%
BFAM	F	0.05%
NUVL	D	0.05%
CGNX	C	0.05%
AMKR	F	0.05%
MTN	D	0.05%
PATH	C	0.05%
SITE	D	0.05%
G	B	0.05%
GKOS	A	0.05%
STWD	D	0.05%
RHI	B	0.05%
JAZZ	B	0.05%
AM	B	0.05%
WEX	D	0.05%
SATS	C	0.05%
MSA	D	0.05%
BOKF	B	0.05%
HCP	A	0.05%
GNTX	C	0.05%
STAG	D	0.05%
FCN	F	0.05%
MTH	D	0.05%
KEX	B	0.05%
PLNT	A	0.05%
FR	C	0.05%
SAIC	C	0.05%
MKSI	C	0.05%
NPAB	F	0.05%
LSCC	D	0.05%
RLI	A	0.05%
PB	B	0.05%
BWA	B	0.05%
RRC	B	0.05%
WSC	F	0.05%
ADC	A	0.05%
AUR	D	0.05%
LPX	B	0.05%
HQY	B	0.05%
BERY	C	0.05%
COLD	F	0.05%
MIDD	C	0.05%
TMHC	C	0.05%
AGNC	C	0.05%
FRPT	B	0.05%
VKTX	D	0.05%
SSD	D	0.05%
ACHC	F	0.04%
LCID	F	0.04%
ESNT	D	0.04%
ELAN	D	0.04%
TRNO	D	0.04%
LSTR	B	0.04%
ARW	F	0.04%

PTL Underweight 85 Positions Relative to VLUE

Symbol	Grade	Weight
CSCO	A	-6.4%
T	A	-5.87%
IBM	C	-3.97%
INTC	C	-3.87%
GM	A	-3.46%
VZ	C	-2.79%
AMAT	F	-2.66%
PFE	F	-2.2%
BAC	A	-2.14%
RTX	C	-1.82%
WFC	A	-1.78%
C	A	-1.75%
F	C	-1.65%
CVS	F	-1.51%
BMY	B	-1.47%
HPE	B	-1.44%
GS	B	-1.4%
GILD	C	-1.39%
MO	A	-1.38%
CI	D	-1.34%
NXPI	F	-1.19%
HPQ	B	-1.17%
CTSH	A	-1.13%
GLW	C	-1.13%
TEL	B	-1.05%
DELL	B	-0.85%
KR	A	-0.77%
KHC	F	-0.77%
WBD	B	-0.69%
COF	B	-0.65%
JCI	A	-0.6%
CMI	A	-0.58%
CNC	F	-0.58%
LHX	A	-0.55%
TFC	B	-0.52%
ZM	B	-0.47%
EXPE	B	-0.47%
USB	A	-0.47%
BK	B	-0.46%
D	D	-0.46%
VTRS	B	-0.45%
MET	C	-0.44%
PRU	B	-0.43%
TAP	B	-0.36%
BBY	D	-0.36%
WAB	A	-0.33%
FOXA	A	-0.32%
TWLO	A	-0.32%
PPL	A	-0.31%
MTB	B	-0.3%
EQT	B	-0.27%
PARA	C	-0.27%
STT	B	-0.26%
TXT	C	-0.25%
CFG	B	-0.25%
DOW	F	-0.24%
LDOS	B	-0.23%
WBA	D	-0.23%
SYF	B	-0.23%
SJM	F	-0.23%
LKQ	D	-0.23%
HIG	C	-0.22%
AZPN	A	-0.22%
EXE	A	-0.2%
GPN	B	-0.2%
FITB	A	-0.2%
DGX	A	-0.19%
MOS	D	-0.18%
CNH	D	-0.17%
HBAN	B	-0.17%
FOX	A	-0.17%
EG	D	-0.16%
APTV	D	-0.14%
AKAM	F	-0.14%
KEY	B	-0.13%
SW	C	-0.13%
EQH	B	-0.12%
LUV	B	-0.12%
SWK	F	-0.11%
NLY	C	-0.11%
HII	D	-0.1%
ALLY	C	-0.1%
EMN	D	-0.1%
FNF	C	-0.09%
BEN	C	-0.06%